🔴 KIOXIA is trading 10% down today amid memory-chip selloff in Japan and South Korea

KIOXIA is trading at ¥48,740, down -10.24%, as memory-chip stocks weaken across Japan and South Korea.

• Memory-chip stocks weakened amid profit-taking and contagion from U.S. storage peers.
• SanDisk and Western Digital declined after guidance failed to meet elevated market expectations, intensifying the sector selloff.
• The move follows KIOXIA’s sharp recent rally, making short-term position unwinding the most likely explanation.